Credit Markets Outlook: Examining Trends in Private Credit and Broadly Syndicated Loans Across the US and Europe

The Latest Outlook on Lending

The dramatic ascent of private credit has fundamentally reshaped the leveraged finance ecosystem. Rather than leading to a loss of share by broadly syndicated loans (BSLs), however, this explosive growth has contributed to a significant expansion of the overall credit universe. To better understand the dynamics at play, SRS Acquiom once again partnered with Debtwire to reprise our 2024 study, surveying 150 senior executives from alternative asset management firms across Europe and the United States.

The 2025 Credit Markets Outlook reveals:

• Fundamental characteristics of the private credit and BSL markets
• The current state of play in the United States and Europe
• Year-over-year shifts in the debt financing ecosystem
• A forward-looking perspective on the strategic implications for dealmakers

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